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Once I retire, how long until I get my first pension check? | Print |
Your pension will be calculated once you have received all monies due. Typically, this occurs when you are paid for your accrued vacation, holiday and comp time. After your pension is calculated it is audited. It then goes on the Pension Board agenda. The Pension Board meets on the second Wednesday of each month. Your pension is then set up in the pension payroll system and you receive your first check on the first of the month following its approval by the Pension Board. Depending upon when you retire, the process can take up to 6 or seven weeks. The first pension check will pay you retroactively to the day after you retired.